1608 Herbert Place
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1608 Herbert Place

D

San Diego, CA 92103

$1,195,000
NEW — 3d

Soft Appraisal Value: $1,163,900 · 2.7% above estimate

Beds

2

Baths

2

Sqft

694

Year Built

1960

Days on Market

3

Property Type

Single Family

HOA/mo

N/A

MLS ID

260013530SD

This property is in San Diego (92103). View neighborhood stats →

About This Property

Fully reimagined hidden gem nestled in the highly coveted, historic Marston Hills — steps from Balboa Park, Hillcrest's vibrant dining scene, boutique shopping, and the iconic Sunday Farmer's Market. Walkable to Sprouts, Trader Joe's, Ralph's, Dark Horse Coffee, Mostra, & a wealth of other local restaurants & nightspots. Two blocks to public transit; easy access to the Hwy 163, I-5 & I-8 freeways. The 2022 kitchen remodel shines with quartz countertops, integrated smart appliances, built-in wine rack, & pantry cabinet. The sun-drenched living room offers motorized shades & high-efficiency mini-split system. The primary suite features high-efficiency mini-split, en-suite bath with custom shower, seat bidet, and generous closet. A versatile guest suite/office includes a full-sized Murphy bed and motorized shades, plus home is light & bright throughout! Major systems have been updated (2022–2023): electrical, plumbing, new sewer line, tankless water heater, and a whole-home Aquasana filtration system. An assumable solar system keeps energy costs predictable. Outdoors, enjoy two backyard decks with a gas BBQ hookup, built-in fire pit, and retractable sun shade — fully fenced yard with automated irrigation & post-beach rinse shower, plus automatic privacy gate. The detached 1.5-car garage (Lfinished, with gas, electric & water to bldg.) is primed for ADU conversion. Ample parking includes gated tandem driveway + dedicated front spaces, & full laundry room. A rare opportunity in one of San Diego's most walkable, character-rich neighborhoods! Fully reimagined hidden gem nestled in the highly coveted, historic Marston Hills. Prime location steps from Balboa Park and Hillcrest’s restaurants, vibrant nightlife, boutique shopping, and the iconic Sunday Farmer’s Market Effortless access to public transit and major corridors for a seamless trip to Downtown, North Park, and University Heights Kitchen remodeled 2022 with quartz countertops, integrated smart appliances, a built-in wine rack, cozy kitchen nook, and pantry cabinet. Sun-drenched living room featuring automated motorized shades and a high-efficiency mini-split climate system for year-round comfort Versatile guest suite/home office complete with a premium, full-sized Murphy wall bed, efficient closet, and motorized shades Primary bedroom features an en-suite bathroom with spacious custom shower, seat bidet, high efficiency mini-split for heat & air, plus generous closet. Secondary bathroom features a shower/tub combination Total peace of mind with updated electrical, plumbing, a new sewer line, and an energy-efficient tankless water heater (2022-2023) Eco-friendly solar system providing predictable energy costs (assumable at ~$133/month, installed 2022) Detached 1.5-car garage with finished interiors and existing water, electricity, and gas hookups—primed for an ADU conversion or guest cottage Large parking footprint featuring the garage, two secure tandem spaces, and an additional dedicated front space Fully fenced yard with an automatic privacy driveway gate and automated irrigation Seamless indoor-outdoor living with a front deck and two backyard decks—featuring a gas BBQ hookup, custom retractable shade, built in planters on rear deck, plus private yard and cozy built-in gas fire pit. Post-beach outdoor rinsing shower (cold water only) plus (non-enclosed) bonus storage area located beneath the garage. Separate, full-sized laundry room with extra utility storage Eco-friendly Aquasana whole home filtration system. Enjoy bottled-quality from every tap while protecting your plumbing and water heater Within 1/2 mile radius to walk: Sprouts, Ralph’s, Trader Joe’s, Saturday Farmers Market CVS pharmacy  Coffee - Dark Horse Coffee, LeStats (Hillcrest), Mostra Coffee, Better Buzz Restaurants- Trust, Rare Society, Origin, Alfredo’s Pizzeria, Rusticucina, InsideOUT, R Place Sports Bar, Baja Betty’s, Great Maple, Veganic Thai Cafe, and much more in the general area Several night s...

Mortgage Calculator

Est. Monthly Payment

$7,586

Principal & Interest$6,043
Property Tax$1,195
Insurance$349
%($239,000)
%

Location

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Investment Score

0D
Est. Monthly Rent
$3,077
Monthly Cashflow

Rent − PITIA

$-4,510
Full Cashflow

Incl. vacancy, PM, maint, capex

$-6,213

Mortgage (P+I)
$6,043
Cap Rate
-0.17%
Cash-on-Cash
-31.20%
DSCR

Need ≥ 1.25 for DSCR loan

0.41
Break-even Rent
$11,146

NOI (Annual)
$-2,047
Price-to-Rent

Lower = better for investors

32.4

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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